Recoverty of Penalties Imposed by CCI
Recoverty of Penalties Imposed by CCI
The Competition Commission of India (CCI) has imposed penalty on 322 entities as follows: -
The Commission has made the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 regulating the manner in which penalties imposed by it shall be recovered.
The Competition Appellate Tribunal/Courts have dismissed/stayed the recovery of a sum of Rs.1,21,78,01,01,298/- as penalty and a sum of Rs.2,16,52,33,351/- is not yet due/not been paid as penalty so far. CCI is taking action as per law for recovery of penalties.
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.
| Year | Number of entities on which the penalty has been imposed | Total amount (Rs.) |
| 2011 | 38 | 6,87,28,40,613 |
| 2012 | 95 | 72,76,86,21,528 |
| 2013 | 20 | 18,34,28,35,225 |
| 2014 (as on 31.10.2014) | 169 | 26,75,26,39,556 |
| Total | 322 | 1,24,73,69,36,922 |
The Commission has made the CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 regulating the manner in which penalties imposed by it shall be recovered.
The Competition Appellate Tribunal/Courts have dismissed/stayed the recovery of a sum of Rs.1,21,78,01,01,298/- as penalty and a sum of Rs.2,16,52,33,351/- is not yet due/not been paid as penalty so far. CCI is taking action as per law for recovery of penalties.
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in a written reply to a question in the Rajya Sabha today.